One ARK Invest exchange-traded fund run by ETF star Cathie Wood sold nearly 570,000 shares of Opendoor Technologies Inc. (NASDAQ: OPEN) on Monday, as the share price of this fund traded relatively flat in the day’s session. The fund’s share price has greatly improved over the past year. Specifically, ARK Next Fintech Innovation ETF (NYSEARCA: ARKF) sold 568,263 shares of […]
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U.S. Treasury yields fell early on Tuesday, with a series of economic data releases due out later in the morning. The yield on the benchmark 10-year Treasury note gave up less than 1 basis point, falling to 1.618% at 8:35 a.m. ET. The yield on the 30-year Treasury bond fell 1.5 basis points to 1.992%. Yields move inversely to prices […]
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COLOMBO (Reuters) – Sri Lanka has temporarily shut its only oil refinery as part of efforts to manage dwindling foreign exchange reserves, the energy minister said on Tuesday, triggering long queues at petrol stations.FILE PHOTO: Members of the Sri Lankan coast guard remove oil from a beach after an oil spill in Uswetakeiyawa, Sri Lanka September 10, 2018. REUTERS/Dinuka LiyanawatteThe […]
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TOKYO (Reuters) -Japan on Tuesday distanced itself from a visit to Myanmar by its special envoy during which, according to military-run media in Myanmar, he played a role in the release from jail of U.S. journalist Danny Fenster.FILE PHOTO: Managing editor of online magazine Frontier Myanmar, U.S. journalist Danny Fenster, is pictured in an unknown location in this undated handout […]
Read more(Updates prices, adds details) Nov 16 (Reuters) – Copper prices rose on Tuesday, as the dollar weakened and risk sentiment improved on positive developments from a meeting between U.S. President Joe Biden and Chinese leader Xi Jinping. Three-month copper on the London Metal Exchange rose as much as 0.7% to $9,742 a tonne before easing to trade down 0.6% at […]
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(Reuters) – Amazon.com Inc has reached a deal to sell virtual medical services to Hilton in the United States, landing a marquee customer for its nascent healthcare business.FILE PHOTO: The Amazon logo is seen outside its JFK8 distribution center in Staten Island, New York, U.S. November 25, 2020. REUTERS/Brendan McDermidThe company declined to disclose financial terms of its agreement with […]
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New York (CNN Business)Many companies and investors need to learn a crucial lesson: Becoming a market leader is easy, but staying one for a prolonged period of time? Not so much. Success brings about imitators. And competition can quickly eat into sales, market share and profits. Just look at the lousy earnings from Peloton (PTON) and Beyond Meat (BYND)for example. […]
Read more(Recasts with bond prices and equities market) BUENOS AIRES/NEW YORK, Nov 15 (Reuters) – Argentine bonds gained strongly on Monday after a heavy defeat for the ruling Peronists in midterm elections, with investors hopeful the loss could force a shift to more moderate policies as the government reaches across the aisle in Congress. Argentina’s over-the-counter bonds climbed 1.7% on average, […]
Read more* JPMorgan and Goldman Sachs working with BNP – sources * Discussions still at early stage – sources * PNC, Canada’s TD and BMO seen as potential suitors * Any deal would face U.S. regulatory challenges LONDON, Nov 15 (Reuters) – BNP Paribas is working with advisers to assess a sale of its U.S. arm Bank of the West as […]
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